Simplicity Esports and Gaming Co (WINR)

[namah sivaya]

Fyi Public companies are in quiet periods from 4 weeks prior to end of quarter until they report? So it seems WINR can’t say anything and mgmt hasn’t been able to buy stock since end of April(fy ended 5/31). Sellers maybe from recent S1? Is that Brazilian’s stock?

Earnings Reports Quiet Periods

The second type of quiet period is one enforced around the time when a publicly traded company releases its quarterly earnings reports. Earnings reports often have a substantial impact on a stock’s market price when they are initially released. Large deviations from the earnings projections of market analysts can cause a sharp rise or dramatic decline in a stock’s price.

Thus, the SEC again has a vested interest in trying to assure a level playing field, that no investors have an advantage, or be at a disadvantage, due to advance information about earnings reports leaking out to some people early.

The earnings report quiet period is applied to the time frame that covers the four-week period that precedes the end of a company’s fiscal quarter and extends to the actual date and time of the earnings report being released (most companies release their earnings reports within a month or two of the end of the quarter).

https://corporatefinanceinstitute.com/resources/knowledge/finance/quiet-period/